Search Results for: Mexico

NATIONAL minimum wages have been rising in clothing manufacturing outsourcing hubs around the world, with low and medium-cost manufacturing centres increasing pay rates, as their governments seek to balance the need for export competitiveness with the value of industrial peace to avoid production disruption and the ability to retain experienced staff.…

There is broad consensus among energy and environmental experts that carbon capture and storage (CCS) systems built at commercial scale must play a key role if governments are to achieve their 2015 COP21 (Paris Agreement) ambitions for limiting carbon emissions. “All credible scenario modelling shows that CCS will be essential to meeting the targets set by the Paris Agreement”, commented a report co-ordinated by the International Association of Oil & Gas Producers (IOGP) for a European Gas Regulatory Forum meeting, staged last June (2019).…

THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021.…

Sustainability issues are currently dominating the US paint and coatings industry with challenges and opportunities arising from stringent regulations and growing green markets, generating demand for environment-friendly business practices and sustainable consumer lifestyles. This change comes as the industry hopes for a fillip from the new United States-Mexico-Canada Agreement (USMCA), reforming North American trading arrangements, which has been hailed by the American Coatings Association (ACA) as “a win for America’s paint industry”.…

Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales.…

The Canadian automotive industry has welcomed the final text of the United States-Mexico-Canada Agreement (USMCA) trade deal, which includes new flexibility over steel supplies to the North American automotive manufacturing industry.

David Adams, president, Global Automakers of Canada (which represents all Canadian auto manufacturers except for the Big Three), said the new amendments reflected Canadian government thinking and that now he expected “all three countries will work to ratify expeditiously….”,…

MEXICAN clothing industry experts hope that the current stand-off over the ratification of the new United States–Mexico–Canada Agreement (USMCA) will be solved soon, given that they expect that it will cement Mexico’s position as a major apparel exporter to the USA and Canada.…

Diplomats at the World Trade Organisation’s goods council have attacked the European Union (EU) over its plans to integrate titanium dioxide and cobalt into its health and safety laws, claiming this could impose unnecessary red tape restrictions on exporting certain stainless steels to the EU.…

THE EUROPEAN Commission will early next year (2020) consider whether to add cadmium to the European Union (EU) critical raw material list, with the aim of encouraging production and recycling of this mineral that widely used in batteries, potentially helping the EU economy away from fossil fuels.…

While cautious optimism on the future of global trade may be currently evident in US financial markets, notably because the United States and China are apparently nearing agreement on a new interim trade deal, representatives of the textile and apparel sectors gathered in New York for the 31st annual Apparel Importers Trade & Transportation Conference on November 7 were still expressing significant caution about future prospects.…